Malaysia is home to approximately 400 oil and gas fields and is the second largest oil producer in Southeast Asia. The country also holds the fourth largest oil reserves in Asia and as recently as 2014 was the world’s second-largest exporter of liquefied natural gas (LNG). This well-established ecosystem represents one of the driving forces behind the development of the Malaysian economy, with oil and gas accounting for approximately 20 per cent of the country’s gross domestic product (GDP).